[Marxistindia] Reverse Decisions on FDI in coal mining and retail trade

[news from the cpi(m)]

August 29, 2019

Press Statement

The Polit Bureau of the Communist Party of India (Marxist) has issued  
the following statement:

The Polit Bureau of the CPI(M) strongly opposes the decision of the  
Union Cabinet to allow 100 per cent FDI in coal mining for all  
commercial purposes along with 100 per cent FDI in contract  
manufacturing. This reckless measure will enable foreign companies to  
plunder the mineral resources of our country.

This decision will also have a harmful effect on Coal India Ltd. which  
is the premier national coal miner. The Modi government is bent upon  
weakening the public sector coal company. It had already opened coal  
mining to Indian private entities during its last tenure. The BJP  
government is surrendering national control over the mineral resources  
which is highly detrimental to the country’s interests.

The other decision to dilute the norms for 100 per cent FDI in single  
brand retail trade is also retrograde and will adversely affect the  
vast retail trade sector in the country.

The Polit Bureau of the CPI(M) demands that the government reverse  
these measures.